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, so do have the debt ceiling fight coming up. when you say that it faces and, you expect the pentagon to say we would just hold everything? certainly years, serving months ahead of time. they have to plan on how many people to have in their workforce -- in the force, recruiting. you cannot turn on a dime, like a huge oil tanker. >> john, we will focus on folks that we did not know who are here. we will come right back. don't go away. take five minutes. >> this is just -- >> we saw senators mccain and 11 decide they will come back in a couple of minutes. as we wait, back to something that took place earlier this morning outside the capital. -- the capitol. >> i want to thank you for being here to call on house republicans not to drop the ball on the middle-class. also for the house to show up for work, right? the president is down at the white house, senator harkin and his colleagues are here. they are out on a paid vacation right now. boehner walked out of the allegations with the present and then he walked out of the house and tell all members to go home while we are four days away f
to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. whener's paper, which are i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the last few years. looking at the emerging eco
Search Results 0 to 1 of about 2